All Forum Posts by: Eudith Vacio

Welcome to the BP community, wonderful to have you & congrats on taking your best foot forward to investing in RE 😃

Hey Justin! 👋🏽

great to hear from you & congratulations on your starting your investment portfolio!

where are you looking to invest?

Hey @Reyna V Ayala 👋🏽

like everyone here mentioned, that price point will be very difficult unless it's a rehab property. Might be better to aim for a condo but that may need work, too. 

Hey @Dee Flournoy - wowowowow, amazing! is this your first flips this at? 😃

Hey @Joe Sierocki - sounds like a pretty good deal to me if not much work is needed and its going to be vacant (less risky to take on tenants). I have sold a couple of SFH that resemble a 2 unit building with no issues & the possibilities for future development is enormous. Let us know if you end up closing on the deal! 😃

Hey @Juan David Maldonado - I would try to use all of your traditional loan options before getting into a DSCR loan, conventional financing would most likely be preferred since it will come with a lower interest rate!

Hey @Mergim Kacija,this is interesting. I've never heard of anyone getting fined from the association but I would join the board and try to get that fined removed, are you all self-managed? 

Hey @Glenn Meyers 😃👋🏽

I am loving the conversations you are having and thats actually the age that I first got started into real estate. I would advise attending some local meetups and talking to others that have done it, including realtors / lenders. You will need to understand what you qualify for and then work backwards from there, decide on a location / area, and then start running the numbers on the deals!

Hey @Francisco Milan - yikes 🙈

I don't know if you're an attorney state, sounds like probably not because here in Chicago, we would have the attorneys hold money back in escrow. definitely reach out to an attorney to figure out next steps. 

OMG 🙈